Autumn Statement: No miracle cure for economy - Osborne

[Gerald]

Chancellor George Osborne will tell MPs there is "no miracle cure" to the UK's economic problems when he delivers his Autumn Statement.

Mr Osborne makes his statement to MPs against a gloomier economic background than forecast in March's Budget.

He will say the coalition are "confronting the country's problems" and insist he is not ducking the "hard work" of reducing the deficit.

Labour has called the government's economic policy "a terrible failure".

The chancellor will set out the state of the UK economy and his deficit-cutting programme from 12:30 GMT.

He is expected to say: "In this Autumn Statement, we show that this coalition government is confronting the country's problems, instead of ducking them.

"The public know that there are no miracle cures. Just the hard work of dealing with our deficit and ensuring Britain wins the global race."

http://www.bbc.co.uk/news/uk-politics-20600442

UK will cope with this, I am convinced.

Note: 5 December 2012 Last updated at 03:51 GMT

[TLAM Strike]

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

[Herr-Berbunch]

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

The answer is - more than this other Osborne. :yep:

[Jimbuna]

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

The answer is - more than this other Osborne. :yep:

Must say I'm well happy he's dropped the proposed 3 pence extra duty on a litre of fuel :sunny:

[Gerald]

How much cost a liter of petrol, where you live,:hmm2:

[Herr-Berbunch]

Must say I'm well happy he's dropped the proposed 3 pence extra duty on a litre of fuel :sunny:

Yeah, Sharon's started driving herself around a bit more nowadays so she had a word in his shell-like. :03:

[Jimbuna]

How much cost a liter of petrol, where you live,:hmm2:

£1.33

[Jimbuna]

Yeah, Sharon's started driving herself around a bit more nowadays so she had a word in his shell-like. :03:

Oh we are sharp today :)

[Gerald]

So there was,3 pence more before...

[Jimbuna]

No, there was going to be an additional 3 pence levied

[Gerald]

So now you can run longer trips, and more often, as it is cheaper.

[Jimbuna]

Always could I don't drive my car all that much really.

[STEED]

Dropping the 3p rise on fuel dose not mean much as Opec can and will jack up the prices at the pump.

And I'm now poorer.

Plan A is not working, the crunch is extended onto 2018.

[BossMark]

Plan A is not working, the crunch is extended onto 2018.
Hopefully then the Tories will have been sent to Oblivion :yep:

[Jimbuna]

Dropping the 3p rise on fuel dose not mean much as Opec can and will jack up the prices at the pump.

And I'm now poorer.

Plan A is not working, the crunch is extended onto 2018.

Surely you benefit from the rise in the personal tax allowance :hmmm:

[Jimbuna]

Hopefully then the Tories will have been sent to Oblivion :yep:

I'm beginning to wonder when seeing the 'balls' up (pun intended) the shadow chancellor made of his reply in the Commons.

[Gerald]

Always could I don't drive my car all that much really.But to have the car in the service, the job is good,:)

[Jimbuna]

Yes, diesel and running costs are free.

[Gerald]

Truly excellent, has so myself, and the ability to change car,:)

[Jimbuna]

Nice one.

[Gerald]

:sunny:

[Jimbuna]

Dropping the 3p rise on fuel dose not mean much as Opec can and will jack up the prices at the pump.

And I'm now poorer.

Plan A is not working, the crunch is extended onto 2018.

Labour says plans to squeeze benefits announced in the Autumn Statement will hit working families, as a credit agency suggests the UK's AAA rating is under threat.

[Tribesman]

Not surprising as plan A has missed every target he set and he just announced more plan A but for even longer.

[Jimbuna]

Then the next plan should be 'AAA' surely? :)

[STEED]

Labour says plans to squeeze benefits announced in the Autumn Statement will hit working families, as a credit agency suggests the UK's AAA rating is under threat.

I'm on JSA and that 1% rise frozen for 3 years will be wiped out by the cost of living. The work programme is not working in the current form and the issues must be addressed but will they?

As for this threat from Fitch about possible withdraw of their AAA means sod all, just look at America who lost their AAA from S&P and France who lost their AAA from S&P and Moody's. Rating agency's are a bunch of morons, after all they gave AAA rating to Greece and knew dam well what was on the way.